FT News Briefing

Biden’s economic rescue plan, US banks report earnings, and the election for Merkel’s successor

Joe Biden plans to ask Congress for a $1.9tn economic rescue package, Federal Reserve chairman Jay Powell assures markets that asset purchases will continue, four big US banks report quarterly earnings, and far-right groups find alternative internet platforms to rally for further unrest. Plus, the FT’s Guy Chazan on who is vying to replace Angela Merkel as leader of Germany’s ruling party.  Biden to push $1.9tn stimulus for pandemic-battered US economy<a href="https://www.ft.com/content/05e07e0d-1f2a-45da-bafb-367f4100c26a" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/05e07e0d-1f2a-45da-bafb-367f4100c26a</a> Powell moves to stamp out market fear of exit from loose policy<a href="https://www.ft.com/content/21d89f6d-be8f-48dc-9085-1e9baabcbdbe" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/21d89f6d-be8f-48dc-9085-1e9baabcbdbe</a> Top US banks set for $10bn round of buybacks<a href="https://www.ft.com/content/c2b155a3-8901-4011-be32-fde3f4bad740" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/c2b155a3-8901-4011-be32-fde3f4bad740</a> Far-right turns to alternative platforms to stoke further unrest<a href="https://www.ft.com/content/f5c4679b-20c5-4b68-bb6d-958f17385183?" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/f5c4679b-20c5-4b68-bb6d-958f17385183?</a> After Merkel: the battle for the soul of the Christian Democratic Union<a href="https://www.ft.com/content/ce034f34-cbc6-4ea9-8c16-41fc939fc0fe" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/ce034f34-cbc6-4ea9-8c16-41fc939fc0fe</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.